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WWW.CBCPRIMEPROPERTIES.COM 131 N. 6th Street Grand Junction, CO 81501 PRIME PROPERTIES ACTUAL SUBJECT PROPERTY FOR SALE - RETAIL SHOPPING CENTER Tyler Daniels Broker Associate Coldwell Banker Commercial Prime Properties (C) 970-640-4530 [email protected] CEDAR SQUARE PLAZA 2648 PATTERSON ROAD GRAND JUNCTION, CO 81506

FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

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Page 1: FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

WWW.CBCPRIMEPROPERTIES.COM 131 N. 6th Street Grand Junction, CO 81501

PRIME PROPERTIES

ACTUAL SUBJECT PROPERTY

FOR SALE - RETAIL SHOPPING CENTER Tyler Daniels

Broker Associate Coldwell Banker Commercial Prime Properties

(C) 970-640-4530 [email protected]

CEDAR SQUARE PLAZA 2648 PATTERSON ROAD

GRAND JUNCTION, CO 81506

Page 2: FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

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TABLE OF CONTENTS

Executive Summary 2

Property Photos 3

Property Overview 4

Maps & Aerials 5

Nearby Amenities 6

Contact Information 7

Confidentiality Statement 8

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PRIME PROPERTIES

Page 3: FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

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EXECUTIVE SUMMARY Cedar Square Plaza

2648 Patterson Rd

Grand Junction, CO 81506

PROPERTY SPECIFICATIONS

PRICE

INVESTMENT HIGHLIGHTS

MARKET HIGHLIGHTS

The City of Grand Junction is located in western Colorado along Interstate 70, close to the Colorado/Utah border. The area has

grown as the regional link between the state capitals of Denver to the east and Salt Lake City to the west. The region is well

known for recreational activities due to the warm climate and surrounding geography; mountain biking, rafting and hiking are

common activities in the region. As with most of western Colorado the immediate surrounding area is rich in natural gas reser-

voirs, specifically the Piceance Basin. Thus, the local economy of Grand Junction and surrounding areas has traditionally been

linked to the oil and gas industries. With the great efforts of Grand Junction Economic Partnership and other parties, there has

been a intentional movement in recent 5 years to attract companies from diverse business sectors and spur job growth.

Learn more about the Grand Valley by visiting GJEP.org

See Demographics page 8.

Listed Sale Price $2,000,000

Class: B

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PRIME PROPERTIES

Property Type: Commercial/ Retail

Class: B

Building Size: 15,456 SF approx.

Land: 1.05 Acres

Number of Tenants: 10

Year Built/Renovated: 1977 & 1980

*Per Mesa County Assessor Data

Financials available upon request and signed Non-Disclosure Agreement.

Page 4: FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

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PROPERTY PHOTOS

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PRIME PROPERTIES

Intersection - Patterson Rd & N. 7th Street

Page 5: FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

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TENANT MIX AND LAYOUTS

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PRIME PROPERTIES

CURRENT TENANTS

Unit # Tenant Name Approx. SF Lease Expires

A Johny’s Liquor Store 2,255 SF

B Renew Chiropractic 1,850 SF

C-1 Patriot Supply 930 SF

C-2 Next Level Regen 930 SF

D-1

Clean & Simple Laundromat

2,769 SF

D-2 Vacant/Storage 482 SF

E Slim’s Barbershop 800 SF

F Salon Sanguinetti's 800 SF

G American Family

Insurance 800 SF

H The Coffee Trader 2,400 SF

Finished Basement 1,440 SF under D-1

*Not drawn to scale - provided by Landlord

Buyer(s) sole responsibility to verify.

Unit A Unit B

Unit G

Unit F

Unit C-2

Unit E

Unit D-1 Unit C-1

Unit H

Unit D-2

Vacant/Storage

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REGIONAL AND LOCAL MAP

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PRIME PROPERTIES

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NEARBY AMENITIES

PRIME PROPERTIES

32,269 vpd N. 7th St. & Patterson Rd

June 2014 2

Miles

East 26,060 vpd

N. 12th St. & Patterson Rd

June 2014

2

Miles

West 26,969 vpd

25 Road & Patterson Rd

June 2014

DAILY TRAFFIC COUNTS - GRAND JUNCTION CITY DATA

GJHS

Tope Elementary

PATTERSON ROAD

Reynolds Polymer Technologies

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DEMOGRAPHIC ANALYSIS

PRIME PROPERTIES

SOURCE: US Census Bureau, the Bureau of Labor Statistics, de-

mographics website, www.usa.com, ERSI Business Analyst, Mesa

County and City of Grand Junction.

via VALBRIDGE PROPERTY ADVISORS

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EXCLUSIVELY LISTED

For more information, please contact: Tyler Daniels Broker Associate (C) (970) 640-4530 [email protected] COLDWELL BANKER COMMERCIAL PRIME PROPERTIES 131 N. 6th Street Grand Junction, CO 81501 970-243-0456

WWW.CBCPRIMEPROPERTIES.COM

PRIME PROPERTIES

Page 10: FOR SALE RETAIL SHOPPING CENTER · Class: B PRIME PROPERTIES Property Type: Commercial/ Retail Class: B Building Size: 15,456 SF approx. Land: 1.05 Acres Number of Tenants: 10 Year

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CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a poten-

tial investor in determining whether it wishes to proceed with an in-depth investigation of the sub-

ject property. While the information contained herein is from sources deemed reliable, it has not

been independently verified by the Coldwell Banker Commercial Prime Properties or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions

considered reasonable under the circumstances. No representations or warranties, expressed or

implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is sub-

ject to modification or withdrawal. The contents herein are confidential and are not to be repro-

duced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH

ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE.

Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable op-

portunity to inspect and investigate the Property and all improvements thereon, either independent-

ly or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to

reject all offers, and to accept any offer without regard to the relative price and terms of any other

offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorpo-

rated in a formal written contract of purchase and sale to be prepared by the Seller and executed

by both parties; and (iii) approved by Seller and such other parties who may have an interest in the

Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of

purchase and sale, which contract shall supersede prior discussions and writings and shall consti-

tute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the

principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned

by Coldwell Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

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PRIME PROPERTIES